Friday Night Opinions @ 9:15 PM CDT - 8/13/2021

[ronscarpa]

Remember, no one really  knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON 

 

 

*** Frank26   What's Kuwait's currency valued at right now? It's around $3 and 20 something...that's because Kuwait's currency is trusted internationally.  A higher exchange rate is the reward for a currency that obeys the International banking laws.  And today, as of now, they [Iraq] has obeyed everything.  We are so close.  In fact, IMO, toward the end of this month it's going to get pretty hot.


*** Walkingstick  When the dinar de-pegs and leaves its border and goes outside they raise the value of their currency at 1 to 1 with the American dollar...domestically or internationally it's the same value.  There's not two exchange rates...if the Iraqi dinar leaves its country, un-pegs and starts to free float... you've got a lot of articles telling you that's what they're going to do.  Let's say all of a sudden it climbs to a value of 2 to 1...What is the value of the dinar inside of Iraq?  2 to 1...there aren't two exchange rates for the Iraqi dinar...when it increases it increases across the board.  A dinar is a dinar...it gives Iraqi citizens more purchasing power...this is one of the main priorities of the monetary reform.  You're witnessing it.  That's what's so exciting about this. 

 

*** Frank26  They're talking about floating...Do you know the definition of floating? ...'Floating the local currency'...is to make the exchange rate free from the authority of the state and central bank and it is decided automatically in the currency market through the mechanism of supply and demand...Kazemi and the CBI is telling the citizens what they're doing.  This is huge!  We told you.  You laughed at us.  Then they tell you. And you say ok.  Now they're telling them again but this time in details...they're going to tell them when they're going to do it, why they raised the value...the exchange rate, how they're going to float the currency, how it's going to go up in value.  Behold..!

 

*** Mnt Goat  Article: "THE CENTRAL BANK OF IRAQ .. AND THE PROCESS OF ACHIEVING MONETARY POLICY GOALS"  Great article!...Seems to me they achieved monetary stability. So where is the RV then if that is what they needed..? ...why do they keep using the excuse they need yet more SECURITY in Iraq? The FACT is the value is in the Iraq dinar already only they are suppressing the rate so that it does not reflect the TRUE value. What at they waiting for? 

 

 

[Smokey Mtn. Dinar]

Don't ever trust an old Mt. Goat. 😮 🐐🦄

[new york kevin]

It could be a managed float folks. You know when a country allows its currency to float up to a point. Yet at a certain point, when their currency becomes to highly valued, due to the currency's increase of supply times velocity .  Whereby the country cannot compete with its economic competition , its central bank will issue economic policy to hold the value of said currency at a specific rate , or dilute the currency by printing more currency and releasing it onto the market (digitally or physically) all to maintain the currency at a world market rate value that benefits them.

[Half Crazy Runner]

11 hours ago, ronscarpa said:

A higher exchange rate is the reward for a currency that obeys the International banking laws. 

It’s a whole lot more complex than that…. 🙄